Companies of a particular interest:
- Global-e (GLBE) Reports Monday 5/22 Pre-Market
On its last ER way back in February GLBE reported Revenue Growth of just slightly better than 69% along with a razor thin Beat on Revenue by less than 1%. Here is other significant data from that report:
Q4 2022 Financial Results:
GMV1 in the fourth quarter of 2022 was $839 million, an increase of 66% year over year
Revenue in the fourth quarter of 2022 was $139.9 million, an increase of 69% year over year, of which service fees revenue was $62.8 million and fulfillment services revenue was $77 million
Non-GAAP gross profit in the fourth quarter of 2022 was $57.8 million, an increase of 77% year over year. GAAP gross profit in the fourth quarter of 2022 was $55.8 million
Non-GAAP gross margin in the fourth quarter of 2022 was 41.3%, an increase of 180 basis points from 39.5% in the fourth quarter of 2021.
Adjusted EBITDA3 in the fourth quarter of 2022 was $21.8 million compared to $11.8 million in the fourth quarter of 2021
Net loss in the fourth quarter of 2022 was $28.5 million
Here is what is expected for Q1:
GLBE has had a wonderful pre-report run after bottoming on May 2 at 26.46 it has worked its way back up to 35.94 representing about a +35.8% gain. No doubt, a sturdy leg of that gain was built upon SHOP’s report which was just dandy.
I started to add on Friday just before the close under the concept that things in motion tend to stay in motion and with an anticipated great report perhaps $40 is in play. But then, I decided not to add under the concept that any sort of less than thrilling report would result in me getting my rear end handed to me. We’ll see I suppose and my core GLBE position will just have to do.
Fast Forward to 5/24 and we have a great Earnie Banks Lets Play Two doubleheader:
- NVDA - Reports Wednesday 5/24 After the Close
On NVDA’s last report in late February this was the headline:
Here is the Press Release:
After bottoming on December 28 at 140.36 and then doing a sidestep shuffle for a couple of days - the chart little line thingy is nothing but up and to the right. EV to sales (fwd) now stands a nose bleed level of 25.69.
Still - given the AI shock and awe campaign who doesn’t want to own NVDA - or at least a reasonable facsimile (looking at you AMD and you too RMBS) But could I get a little better grip - a better foot hole…please? Anyway I found a little potential hope in these two articles:
The first is by some guy who calls himself Dividend Sensei - which, somehow brings this to mind:
Here is the article:
And another article by Victor:
And if NVDA does somehow suffer some form of post event trauma - at one point would I be willing to enter? I dunno. We’ll see.
- Snowflake (SNOW) Reports Wednesday 5/24 After the Close.
On its last report SNOW came in with +53.5% Revenue Growth and a wicked good NRR of 158%. They noted RPO of 3.7B representing 38% YOY. Here is the Press Release:
SNOW’s stock price bottomed on January 5 at 121.56 and now stands at 176.49 per share. Of note - the Revenue Growth performance for the company has seen a number of consecutive qtrs of slow down. Currently the EV/Sales (fwd) sits at a lofty 18.31.
Anyway - any way you look at it Wednesday is going to be an interesting day - just right after the close.
Others reporting of marginal interest:
All the Best,